−CITE− 12 USC CHAPTER 19 − SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS 01/06/03 −EXPCITE− TITLE 12 − BANKS AND BANKING CHAPTER 19 − SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS . −HEAD− CHAPTER 19 − SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS −MISC1− Sec. 1881. ''Federal supervisory agency'' defined. 1882. Security measures. (a) Rules for installation, maintenance, and operation of security devices and procedures. (b) Time for compliance with standards. 1883. Insurance rates; report to Congress. 1884. Penalties for violations. −CITE− 12 USC Sec. 1881 01/06/03 −EXPCITE− TITLE 12 − BANKS AND BANKING CHAPTER 19 − SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS −HEAD− Sec. 1881. ''Federal supervisory agency'' defined

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−STATUTE− As used in this chapter the term ''Federal supervisory agency'' means − (1) The Comptroller of the Currency with respect to national banks and district banks, (2) The Board of Governors of the Federal Reserve System with respect to Federal Reserve banks and State banks which are members of the Federal Reserve System, (3) The Federal Deposit Insurance Corporation with respect to State banks which are not members of the Federal Reserve System but the deposits of which are insured by the Federal Deposit Insurance Corporation and State savings associations, and (4) The Director of the Office of Thrift Supervision with respect to Federal savings. (FOOTNOTE 1) (FOOTNOTE 1) So in original. Probably should be ''Federal savings associations.'' −SOURCE− (Pub. L. 90−389, Sec. 2, July 7, 1968, 82 Stat. 294; Pub. L. 101−73, title VII, Sec. 744(h), Aug. 9, 1989, 103 Stat. 439.) −MISC1− AMENDMENTS 1989 − Par. (3). Pub. L. 101−73, Sec. 744(h)(2), inserted reference to State savings associations. Par. (4). Pub. L. 101−73, Sec. 744(h)(1), substituted ''Director of the Office of Thrift Supervision'' for ''Federal Home Loan Bank Board'', struck out ''and loan'' after ''Federal savings'', and

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struck out ''associations, and institutions the accounts of which are insured by the Federal Savings and Loan Insurance Corporation'' before period at end. SHORT TITLE Section 1 of Pub. L. 90−389 provided: ''That this Act (enacting this chapter and amending section 1729 of this title) may be cited as the 'Bank Protection Act of 1968'.'' −SECREF− SECTION REFERRED TO IN OTHER SECTIONS This section is referred to in section 1883 of this title. −CITE− 12 USC Sec. 1882 01/06/03 −EXPCITE− TITLE 12 − BANKS AND BANKING CHAPTER 19 − SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS −HEAD− Sec. 1882. Security measures −STATUTE− (a) Rules for installation, maintenance, and operation of security devices and procedures Within six months from July 7, 1968, each Federal supervisory agency shall promulgate rules establishing minimum standards with which each bank or savings and loan association must comply with respect to the installation, maintenance, and operation of security devices and procedures, reasonable in cost, to discourage robberies, burglaries, and larcenies and to assist in the

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identification and apprehension of persons who commit such acts. (b) Time for compliance with standards The rules shall establish the time limits within which banks and savings and loan associations shall comply with the standards. −SOURCE− (Pub. L. 90−389, Sec. 3, July 7, 1968, 82 Stat. 295; Pub. L. 101−73, title IX, Sec. 911(a), Aug. 9, 1989, 103 Stat. 478.) −MISC1− AMENDMENTS 1989 − Subsec. (b). Pub. L. 101−73 struck out ''and shall require the submission of periodic reports with respect to the installation, maintenance, and operation of security devices and procedures'' before period at end. EFFECTIVE DATE OF 1989 AMENDMENT Amendment by Pub. L. 101−73 applicable with respect to reports filed or required to be filed after Aug. 9, 1989, see section 911(i) of Pub. L. 101−73, set out as a note under section 161 of this title. −CITE− 12 USC Sec. 1883 01/06/03 −EXPCITE− TITLE 12 − BANKS AND BANKING CHAPTER 19 − SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS −HEAD− Sec. 1883. Insurance rates; report to Congress −STATUTE−

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The Federal supervisory agencies shall consult with (1) insurers furnishing insurance protection against losses resulting from robberies, burglaries, and larcenies committed against financial institutions referred to in section 1881 of this title, and (2) State agencies having supervisory or regulatory responsibilities with respect to such insurers to determine the feasibility and desirability of premium rate differentials based on the installation, maintenance, and operation of security devices and procedures. The Federal supervisory agencies shall report to the Congress the results of their consultations pursuant to this section not later than two years after July 7, 1968. −SOURCE− (Pub. L. 90−389, Sec. 4, July 7, 1968, 82 Stat. 295.) −CITE− 12 USC Sec. 1884 01/06/03 −EXPCITE− TITLE 12 − BANKS AND BANKING CHAPTER 19 − SECURITY MEASURES FOR BANKS AND SAVINGS ASSOCIATIONS −HEAD− Sec. 1884. Penalties for violations −STATUTE− A bank or savings and loan association which violates a rule promulgated pursuant to this chapter shall be subject to a civil penalty which shall not exceed $100 for each day of the violation.

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−SOURCE− (Pub. L. 90−389, Sec. 5, July 7, 1968, 82 Stat. 295.) −CITE−

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